ConectiSys Releases H-Net 4.0 for Pilot.
LOS ANGELES--(BUSINESS WIRE)--Nov. 19, 2002
ConectiSys Corp. (OTCBB:CNES) announced today its manufacturing release of the H-Net(TM) 4.0 wireless electrical meter reading system for a pilot at the University of California Irvine (UCI). The pilot is only one of three that are expected for release and is the stepping-stone to revenue for 2003.
The Company expects to deliver its H-Net(TM) product to the Advanced Power and Energy Program at UCI in December. The H-Net(TM) Siemens metering systems will be bench tested at the laboratory for certification, and then installed by Southern California Edison.
ConectiSys has developed a low-cost wireless Automatic Meter Reading (AMR) solution for both residential and commercial markets. The product is H-Net(TM) and has been developed by United Telemetry Company, a wholly own subsidiary of ConectiSys Corporation. H-Net(TM) utilizes a proprietary protocol for two-way communications using a wireless, tower-less network. This technology will enable the Company to deliver low-cost wireless networks, which are inexpensive to deploy and operate.
UCI is the only University in the country that has been chosen to be the national platform for energy research. The name of their research program is Advanced Power And Energy Program. This institutional environment will furnish a unique and highly visible placement of our wireless products and is the perfect setting for the utility industry and governing agencies to evaluate and become familiar with the H-Net(TM) Siemens metering system.
Our deployment at UCI is a three stage program consisting of the following: "Level I Platform: High Supervision Beta Test - APEP Laboratory," followed by "Level II Platform: Low Supervision Beta Test - UCI Central Plant (Institutional Environment)" and "Level III Platform: Practical Environment Beta Test - University Research Power Park Living Laboratory."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein that are not historical are forward-looking statements that are subjects to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control including, but not limited to, market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company filings with the Securities & Exchange Commission.
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|Date:||Nov 19, 2002|
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